The Bucharest Court has postponed the exit from insolvency procedures of Hidroelectrica to June 21. The decision was postponed numerous times already, since the energy supplier entered insolvency in February 2014 for the second time.
Previously, the company was placed under judicial reorganization procedures between June 2012 June 2013.
The court was supposed to rule on the matter on June 8 and later on June 15. Although the decision was postponed several times, judges approved all documents submitted until now, and on Tuesday the court will rule on the companys exit from insolvency, sources from the energy sector told Agerpres.
The most important measure taken during insolvency was the termination of 11 bilateral contracts with…
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